GGOV vs. IBGL
GGOV (iShares Global Government Bond USD Hedged Active ETF) and IBGL (iShares iBonds Dec 2055 Term Treasury ETF) are both exchange-traded funds - GGOV is a Global Bonds fund managed by iShares, while IBGL is a Government Bonds fund tracking the ICE 2055 Maturity US Treasury Index. A 0.61 correlation means they provide meaningful diversification when combined. GGOV charges 0.39%/yr vs 0.07%/yr for IBGL.
Performance
GGOV vs. IBGL - Performance Comparison
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Returns By Period
In the year-to-date period, GGOV achieves a 2.73% return, which is significantly higher than IBGL's 0.74% return.
GGOV
- 1D
- -0.18%
- 1M
- 0.58%
- YTD
- 2.73%
- 6M
- 2.64%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBGL
- 1D
- -0.66%
- 1M
- 2.14%
- YTD
- 0.74%
- 6M
- 0.55%
- 1Y
- 3.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GGOV vs. IBGL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.73% | -2.80% |
IBGL iShares iBonds Dec 2055 Term Treasury ETF | 0.74% | 2.09% |
Correlation
The correlation between GGOV and IBGL is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.61 |
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Return for Risk
GGOV vs. IBGL — Risk / Return Rank
GGOV
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IBGL
GGOV vs. IBGL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Government Bond USD Hedged Active ETF (GGOV) and iShares iBonds Dec 2055 Term Treasury ETF (IBGL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GGOV | IBGL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.08 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.53 | — |
| Martin ratioReturn relative to average drawdown | — | 1.28 | — |
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Drawdowns
GGOV vs. IBGL - Drawdown Comparison
The maximum GGOV drawdown since its inception was -4.69%, smaller than the maximum IBGL drawdown of -9.37%. Use the drawdown chart below to compare losses from any high point for GGOV and IBGL.
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Drawdown Indicators
| GGOV | IBGL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.69% | -9.37% | +4.68% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.23% | — |
Current DrawdownCurrent decline from peak | -1.08% | -3.45% | +2.37% |
Average DrawdownAverage peak-to-trough decline | -1.57% | -4.02% | +2.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.01% | — |
Volatility
GGOV vs. IBGL - Volatility Comparison
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Volatility by Period
| GGOV | IBGL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.09% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 6.26% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.29% | 9.01% | -3.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.29% | 10.45% | -5.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.29% | 10.45% | -5.16% |
GGOV vs. IBGL - Expense Ratio Comparison
GGOV has a 0.39% expense ratio, which is higher than IBGL's 0.07% expense ratio.
Dividends
GGOV vs. IBGL - Dividend Comparison
GGOV has not paid dividends to shareholders, while IBGL's dividend yield for the trailing twelve months is around 4.66%.
| Position | TTM | 2025 |
|---|---|---|
GGOV iShares Global Government Bond USD Hedged Active ETF | 0.00% | 0.00% |
IBGL iShares iBonds Dec 2055 Term Treasury ETF | 4.66% | 3.52% |
Frequently Asked Questions
GGOV and IBGL have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBGL is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBGL is cheaper with a 0.07% expense ratio, compared with 0.39% for GGOV.
IBGL has the higher dividend yield at 4.66%, compared with 0.00% for GGOV.
GGOV is categorized as Global Bonds, while IBGL is Government Bonds. Their fees differ too: 0.39% for GGOV and 0.07% for IBGL.
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